IBT Staff Reporter

Iran pledged to pursue its disputed atomic program as Europe's top diplomat met Tehran's main nuclear negotiator on Friday in a last effort to avert tougher sanctions.

Oil tumbled more than $2 to a one-month low below $89 a barrel on Friday as attention returned to next week's OPEC meeting that is expected to boost output.

The yen fell broadly on Friday and high-yielders gained after comments by Federal Reserve Chairman Ben Bernanke cemented expectations of easier monetary policy, which may help the U.S. economy to avoid a recession.

A Turkish domestic airliner crashed in the mountains in southwest Turkey on Friday, killing all 57 people on board, officials said

The Bush Administration is close to agreeing on a pact with major financial institutions that would temporarily freeze interest rates on certain subprime loans, the Wall Street Journal reported Friday, citing sources familiar with the negotiations. The plans' details, which could be announced as soon as next week, are still being ironed out, the Journal said.

Sony's latest game machine finally outsold its longtime rival Nintendo in Japan as strong November sales helped boost the electronics maker ahead.

Google Inc was set to announce on Friday it will bid on coveted airwaves to launch a U.S. wireless network, the Wall Street Journal reported on Thursday, citing sources familiar with the matter.

A happy, extroverted man with a commanding presence and an unfailing gift of gab, Henry J. Hyde spent three decades in the thick of some of Capitol Hill's biggest fights.

Morgan Stanley Co-President Zoe Cruz is retiring as the subprime mortgage crisis ends a 25-year tenure for a woman who had been seen as the front-runner to succeed Chief Executive John Mack.

The Dallas Cowboys beat the Green Bay Packers 37-27 on Thursday to clinch a playoff berth and take top spot in the National Football Conference.

Sony's latest game machine finally outsold its longtime rival Nintendo in Japan as strong November sales helped boost the electronics maker ahead.

Sprint Nextel Corp.(NYSE:S), which is currently in need of a new chief executive, refused a $5 million investment bid that would have installed the former chairman as CEO, according to a report released Thursday.

President Bush asked Congress to approve billions of additional dollars to fund the wars in Iraq and Afghanistan on Thursday.

Police in New Zeland are questioning an 18-year-old suspected of being part of an international team of cyber hackers that infected and disabled more than 1.3 million computers in the U.S. and the Netherlands last year.

A British teacher based in Sudan was found guilty on Thursday of insulting Islam and was sentenced to 15 days imprisonment for naming a teddy bear Mohammed, British authorities reported.

While Nintendo's hot selling Wii game console has been making headlines and new video game fans, shortages of the console mean third-party developers are getting a smaller piece of the gaming revenue pie, says one analyst.

Morgan Stanley Co-President Zoe Cruz is retiring as the subprime mortgage crisis ends a 25-year tenure for a woman who had been seen as the front-runner to succeed Chief Executive John Mack.

Federal Reserve Chairman Ben Bernanke said on Thursday a resurgence in financial strains in recent weeks had dimmed the outlook for the U.S. economy, signaling an openness to lowering interest rates again. He said the Fed will have to remain exceptionally alert and flexible.

Officials in South Korea said that the death of a man, found with a burnt cell phone in his chest-pocket, was really a victim of accidental vehicular homicide.

Users of Apple's portable entertainment devices may be getting a less entertaining, more functional surprise as the world's largest software maker plans to port office documents for the iPod.

Apple fans leap for joy as AT&T leaks news of a 3G Apple iPhone in 2008 leaving analysts speculating whether there even exists a market for such a high-speed phone.

AT&T’s chief executive said Thursday that there will be a new edition of the iPhone available next year that will use 3G technology for faster data access.

Hewlett-Packard Co. in the third quarter continued to expand its lead over rivals in the global PC market, while Taiwan based Acer saw the largest increase, displacing Dell as the world's No. 2 notebook maker.

Google Inc is looking to improve the relevancy of its search results as it tests out a new feature that lets users vote for or against search results, in a way similar to selection process at community content sharing site Digg.

Dell Inc the world's second-largest personal computer maker, posted a rise in quarterly profit on Thursday but gave a cautious outlook, and its shares dropped nearly 7 percent. Net income for Dell's fiscal third quarter grew to $766 million, or 34 cents per share, from $601 million, or 27 cents per share, a year earlier, as the company sold more laptops and component prices fell. Revenue in the quarter ended November 2 rose to $15.65 billion from $14.42 billion.

Treasuries and three-month bill yields dropped to less than 3 percent amid great concerns over banks’ willingness to lend that led investors to relative safety of U.S. government debt.

Britain's FTSE 100 index remained steady on Thursday, with an increase in commodity stocks due to speculations for M&A and higher raw material prices.

The dollar rose against the euro on Thursday after Goldman Sachs analysts said the dollar’s drop may be at an end and a new report indicated weaker consumer confidence in France, one of Europe’s key economies.

Adani group-promoted Mundra Port and Special Economic Zone Ltd (MPSEZL) debuted on the Bombay Stock Exchange, Tuesday, Nov. 27, at a 75 percent premium over its issue price of Rs.440 and closed 118.57 percent above at Rs.961.70.